Like so many of you, I’m reading, watching, and discussing every new development in the “credit crisis.” I put that term in quotes, since anyone who has been reading this blog knows I believe that using the word “crisis” is an excuse for so many to abdicate responsibility for anticipating it, regulating it, and preventing it.
2 the decisive moment (as in a literary plot)
3 a: an unstable or crucial time or state of affairs in which a decisive change is impending ; especially : one with the distinct possibility of a highly undesirable outcome b: a situation that has reached a critical phase
Whether through disposition by the government or sales by struggling financial institutions, massive amounts of distressed real estate-related positions will be sold into the private sector. Significant capital has been raised and is waiting for these opportunities…